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Centerra Gold Inc T.CG

Alternate Symbol(s):  CGAU

Centerra Gold Inc. is a Canada-based gold mining company focused on operating, developing, exploring and acquiring gold and copper properties in North America, Turkiye, and other markets worldwide. The Company operates two mines: the Mount Milligan Mine in British Columbia, Canada, and the Oksut Mine in Turkiye. The Company also owns the Goldfield District Project in Nevada, United States; the Kemess Project in British Columbia, Canada, and owns and operates the Molybdenum Business Unit in the United States and Canada. The Mount Milligan Mine is an open pit mine located in north central British Columbia, Canada producing a gold and copper concentrate. The Oksut Mine is located in Turkiye approximately 300 kilometers southeast of Ankara and 48 kilometers south of Kayseri, the provincial capital. The Molybdenum BU includes the Langeloth Facility in Pennsylvania and two North American molybdenum mines: the Thompson Creek Mine in Idaho and the 75%-owned Endako Mine in British Columbia.


TSX:CG - Post by User

Comment by kkkrrron May 08, 2021 7:10am
316 Views
Post# 33159187

RE:RE:no big deal

RE:RE:no big deal“Financially, the Company generated $930.0 million of cash from operations for the year, kst generated $146.1 million, Mount Milligan generated $185.3 million and Kumtor generated $660.6 million. In 2020, $603.8 million of free cash flowNG was generated Company-wide, including $437.9 million of free cash flowNG from Kumtor, $150.2 million from Mount Milligan and $105.2 million from kst. During the year, the Company repaid its debt and ended the year with no debt and cash of $545.2 million. In January 2021, we completed the sale of our 50% interest in the Greenstone Gold Mines Partnership and received a cash payment of approximately $210 million (including adjustments) adding to our strong balance sheet.”

...appr 800 million USD in Cash end of Q1 ... they could pay the 170 million USD taxes in excange for some silence. Even with freezed accounts in Kirgistan mt. Milligan + skut will make solid profits...  the company still looks solid even without the cashflow from Kumtor ...        but they need an additional  producing asset soon  ..Marcetcap 2 Billion USD... this trouble already is priced in
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